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Parent Company Financial Information (Tables)
 12 Months Ended
Dec. 31, 2024
Parent Company Financial Information [Abstract]  
Parent Company Financial Information
Condensed Balance Sheets

 
December 31,
  
(In thousands)
  
2024
    
2023
  
Assets
            
Cash and cash equivalents
  
$
185,451
    
$
162,364
  
Equity securities, at estimated fair value
    
33,922
      
28,739
  
Investment in subsidiaries, on equity basis
    
1,534,693
      
1,464,980
  
Other assets
    
49,694
      
42,435
  
Total assets
  
$
1,803,760
    
$
1,698,518
  
Liabilities and Stockholders’ Equity
                
Total liabilities
  
$
277,619
    
$
272,827
  
Stockholders’ equity
    
1,526,141
      
1,425,691
  
Total liabilities and stockholders’ equity
  
$
1,803,760
    
$
1,698,518
  

Condensed Statements of Income

 
Years Ended December 31,
  
(In thousands)
  
2024
    
2023
    
2022
  
Dividends from subsidiaries
  
$
100,000
    
$
116,250
    
$
119,000
  
Management fee from subsidiaries
    
5,797
      
7,093
      
2,005
  
Net securities gains (losses)
    
575
      
(82
)
    
(618
)
Interest, dividends and other income
    
726
      
715
      
638
  
Total revenue
  
$
107,098
    
$
123,976
    
$
121,025
  
Operating expenses
    
25,491
      
22,930
      
14,035
  
Income before income tax benefit and equity in undistributed income of subsidiaries
  
$
81,607
    
$
101,046
    
$
106,990
  
Income tax expense (benefit)
    
(4,310
)
    
(3,785
)
    
(3,027
)
Equity in undistributed income of subsidiaries
    
54,724
      
13,951
      
41,978
  
Net income
  
$
140,641
    
$
118,782
    
$
151,995
  

Condensed Statements of Cash Flows
 
 
Years Ended December 31,
  
(In thousands)
  
2024
    
2023
    
2022
  
Operating activities
                  
Net income
  
$
140,641
    
$
118,782
    
$
151,995
  
Adjustments to reconcile net income to net cash provided by operating activities
                        
Depreciation and amortization of premises and equipment
    
336
      
353
      
582
  
Excess tax benefit on stock-based compensation
    
(295
)
    
(296
)
    
(288
)
Stock-based compensation expense
    
5,992
      
5,102
      
4,530
  
Net securities (gains) losses
   
(575
)
    
82
      
618
  
Equity in undistributed income of subsidiaries
    
(54,724
)
    
(13,950
)
    
(41,978
)
Bank owned life insurance income
    
(281
)
    
(271
)
    
(238
)
Amortization of subordinated debt issuance costs
    
437
      
437
      
437
  
Discount on repurchase of subordinated debt
    -       -       (106 )
Net change in other assets and other liabilities
    
(3,998
)
    
(4,930
)
    
(8,376
)
Net cash provided by operating activities
  
$
87,533
    
$
105,309
    
$
107,176
  
Investing activities
                        
Net cash provided by acquisitions
   $ -     $ 3,542     $ -  
Net cash provided by investing activities
  
$
-
    
$
3,542
    
$
-
  
Financing activities
                        
Repurchase of subordinated debt
  $ -     $ -     $ (2,000 )
Proceeds from the issuance of shares to employee and other stock plans
    
61
      
91
      
-
  
Cash paid by employer for tax-withholding on stock issuance
    
(1,993
)
    
(1,877
)
    
(1,751
)
Purchases of treasury shares
    
(251
)
    
(4,944
)
    
(14,713
)
Cash dividends
    
(62,263
)
    
(55,886
)
    
(49,765
)
Net cash (used in) financing activities
  
$
(64,446
)
  
$
(62,616
)
  
$
(68,229
)
Net increase in cash and cash equivalents
  
$
23,087
    
$
46,235
    
$
38,947
  
Cash and cash equivalents at beginning of year
    
162,364
      
116,129
      
77,182
  
Cash and cash equivalents at end of year
  
$
185,451
    
$
162,364
    
$
116,129